Sina Technology News, August 26, Beijing time evening news, social e-commerce platformGathered(Nasdaq: YJ) today released its financial report for the second quarter of 2021 as of June 30, with total revenue of RMB 570.7 million (approximately US$88.4 million), compared with RMB 1.486 billion in the same period last year. Net profit was RMB 17 million (approximately US$2.6 million), compared with a net loss of RMB 17.5 million in the same period last year. Not in accordance with US GAAP, the adjusted net profit was RMB 23.9 million (approximately US$3.7 million), compared with RMB 20.1 million in the same period last year.
Second quarter results:
Total revenue was RMB 570.7 million (approximately US$88.4 million), compared with RMB 1.486 billion in the same period last year.
The cost of revenue was RMB 370.5 million (approximately US$57.4 million), a decrease of 64.8% compared with RMB 1.0537 billion in the same period last year.
Overall operating expenses were RMB 186.9 million (approximately US$28.9 million), down 61.6% from RMB 486.6 million in the same period last year.
Performance expenses were RMB 50.1 million (approximately US$7.8 million), a 61.2% drop from RMB 129.0 million in the same period last year.
Sales and marketing expenses were RMB 61.5 million (approximately US$9.5 million), a 73.1% decrease from RMB 228.4 million in the same period last year.
Technology and content expenses were RMB 32.4 million (approximately US$5 million), a decrease of 44.7% from RMB 58.6 million in the same period last year.
General and administrative expenses were RMB 42.9 million (approximately US$6.6 million), which was a 39.3% decrease from RMB 70.7 million in the same period last year.
Net profit was RMB 17 million (approximately US$2.6 million), compared with a net loss of RMB 17.5 million in the same period last year.
Not in accordance with US GAAP, the adjusted net profit was RMB 23.9 million (approximately US$3.7 million), compared with RMB 20.1 million in the same period last year.
The basic and diluted earnings per share attributable to ordinary shareholders were both RMB 0.01, while the net loss for the same period last year was RMB 0.01.
telephone conference:
The management team of Yunji will hold an earnings conference call at 7 am on August 26, 2021, EST (7 pm on August 26, Beijing time), on the investor relations channel of Yunji’s official website https://investor.yunjiglobal.com/ The conference call will be broadcast live and recorded.
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